Islamic Development Bank sets out roadmap to promote Arab-African trade

(Arab News, Riyadh, 5 March 2017) The Islamic Development Bank (IDB) is developing a roadmap to strengthen Arab-African trade over the next three years, according to Hakim Elwaer, IDB’s official spokesman... At a forum held in Rabat last month it was noted that IDB’s support for development programs and infrastructure projects in Africa has reached more than $43 billion, which included funding for projects in infrastructure. IDB President Bandar Hajjar added that the volume of trade financing granted to Arab and African member countries since the establishment of the International Islamic Trade Finance Corporation (ITFC), which is IDB’s trade financing arm, has reached about $15 billion.